Proshares Ultrapro Sp500 Etf Market Value

UPRO Etf  USD 76.59  0.61  0.79%   
ProShares UltraPro's market value is the price at which a share of ProShares UltraPro trades on a public exchange. It measures the collective expectations of ProShares UltraPro SP500 investors about its performance. ProShares UltraPro is selling at 76.59 as of the 25th of June 2024; that is -0.79 percent decrease since the beginning of the trading day. The etf's open price was 77.2.
With this module, you can estimate the performance of a buy and hold strategy of ProShares UltraPro SP500 and determine expected loss or profit from investing in ProShares UltraPro over a given investment horizon. Check out ProShares UltraPro Correlation, ProShares UltraPro Volatility and ProShares UltraPro Alpha and Beta module to complement your research on ProShares UltraPro.
Symbol

The market value of ProShares UltraPro SP500 is measured differently than its book value, which is the value of ProShares that is recorded on the company's balance sheet. Investors also form their own opinion of ProShares UltraPro's value that differs from its market value or its book value, called intrinsic value, which is ProShares UltraPro's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProShares UltraPro's market value can be influenced by many factors that don't directly affect ProShares UltraPro's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProShares UltraPro's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProShares UltraPro is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProShares UltraPro's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

ProShares UltraPro 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ProShares UltraPro's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ProShares UltraPro.
0.00
07/06/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
06/25/2024
0.00
If you would invest  0.00  in ProShares UltraPro on July 6, 2022 and sell it all today you would earn a total of 0.00 from holding ProShares UltraPro SP500 or generate 0.0% return on investment in ProShares UltraPro over 720 days. ProShares UltraPro is related to or competes with Direxion Daily, SCOR PK, Small Cap, Morningstar Unconstrained, Via Renewables, Jpmorgan High, and FT Cboe. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns ... More

ProShares UltraPro Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ProShares UltraPro's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ProShares UltraPro SP500 upside and downside potential and time the market with a certain degree of confidence.

ProShares UltraPro Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for ProShares UltraPro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ProShares UltraPro's standard deviation. In reality, there are many statistical measures that can use ProShares UltraPro historical prices to predict the future ProShares UltraPro's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ProShares UltraPro's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
74.7076.7078.70
Details
Intrinsic
Valuation
LowRealHigh
68.9383.4885.48
Details

ProShares UltraPro SP500 Backtested Returns

As of now, ProShares Etf is very steady. ProShares UltraPro SP500 maintains Sharpe Ratio (i.e., Efficiency) of 0.0758, which implies the entity had a 0.0758% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for ProShares UltraPro SP500, which you can use to evaluate the volatility of the etf. Please check ProShares UltraPro's Coefficient Of Variation of 1223.02, risk adjusted performance of 0.0604, and Semi Deviation of 1.86 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The etf holds a Beta of 2.27, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ProShares UltraPro will likely underperform.

Auto-correlation

    
  0.35  

Below average predictability

ProShares UltraPro SP500 has below average predictability. Overlapping area represents the amount of predictability between ProShares UltraPro time series from 6th of July 2022 to 1st of July 2023 and 1st of July 2023 to 25th of June 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ProShares UltraPro SP500 price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current ProShares UltraPro price fluctuation can be explain by its past prices.
Correlation Coefficient0.35
Spearman Rank Test0.13
Residual Average0.0
Price Variance119.88

ProShares UltraPro SP500 lagged returns against current returns

Autocorrelation, which is ProShares UltraPro etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ProShares UltraPro's etf expected returns. We can calculate the autocorrelation of ProShares UltraPro returns to help us make a trade decision. For example, suppose you find that ProShares UltraPro has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

ProShares UltraPro regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ProShares UltraPro etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ProShares UltraPro etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ProShares UltraPro etf over time.
   Current vs Lagged Prices   
       Timeline  

ProShares UltraPro Lagged Returns

When evaluating ProShares UltraPro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ProShares UltraPro etf have on its future price. ProShares UltraPro autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ProShares UltraPro autocorrelation shows the relationship between ProShares UltraPro etf current value and its past values and can show if there is a momentum factor associated with investing in ProShares UltraPro SP500.
   Regressed Prices   
       Timeline  

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

Additional Information and Resources on Investing in ProShares Etf

When determining whether ProShares UltraPro SP500 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProShares UltraPro's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Proshares Ultrapro Sp500 Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Proshares Ultrapro Sp500 Etf:
Check out ProShares UltraPro Correlation, ProShares UltraPro Volatility and ProShares UltraPro Alpha and Beta module to complement your research on ProShares UltraPro.
You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
ProShares UltraPro technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of ProShares UltraPro technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ProShares UltraPro trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...